Metal fabricator saves $40,000
INSUREDA metal fabricator with 26 employees thatmanufactures metal sign-holders for various retailers. SITUATIONWith no history of carpel tunnel issues, the insured experienced a rash of carpel tunnel injuries unexpectedly, with two in excess of $80,000. This drove the company’s Experience...
Continue ReadingGeneral contractor enjoys a Workers’ Comp drop of $245,302 in just four years
INSUREDA commercial general contractor. SITUATIONA 62% Workers’ Comp surcharge drove up the company’s Experience Modification Factor to 1.12, costing them an additional premium of $185,000 per year. It also restricted the company from bidding work for large corporations that required...
Continue ReadingSupervisor training cuts claim frequency and cost
INSURED The insured is a social service agency with 390 employees in 22 locations. SITUATION In one six-month period, this insured experienced 27 workers’ compensation claims totaling $89,000. ASSESSMENT A Certified WorkComp Advisor (CWCA) looked into the situation...
Continue ReadingEducating supervisors cuts manufacturer’s costs by 96%
INSURED A manufacturing company with 175 employees. SITUATION The employer’s average annual Workers’ Comp costs were in excess of $80,000 per year. During that same period, the manufacturer averaged 35 claims per year, causing the Experience Mod to rise...
Continue ReadingTrucking company on the right road by saving $20,000 in total premium
INSURED Trucking Company SITUATION High rate and large number of employee injuries – $800,000 premium ASSESSMENT No return-to-work program. Analyzed claims and showed employer the true cost of the insurance company paying indemnity to injured employees. SOLUTION...
Continue ReadingLocal pro teams hit home run by saving $82,657 through agent
INSURED Two Minor League Professional Baseball Teams SITUATION Very high rates. The seasonality of the sport and the very low wages players receive relative to national averages acts as a deterrent for players to return to work, particularly when the...
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